Daytrading with fractals

When we teach daytrading around the country, fractals are always a constituent part of the curriculum.

Fractals help make it easier and more objective where to draw the trend lines, support and resistance levels, etc. Often, one of the criticisms of Technical Analysis is that it is too subjective. Or, in other words, it depends on the eye that looks. So if a daytrader believes that the market is going to rise, then you tend to notice the trend lines and indicators that tells you that the market is going to go up.

You can overcome this by working with fractals as support points. So let’s take a look at what creates a fractal point.

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